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WeChat Pay is a dominant mobile payment platform integrated within the WeChat ecosystem, boasting approximately 935 million active users as of 2023. It processes over 1.5 billion transactions daily, highlighting its crucial role in China's digital payment landscape. WeChat Pay's extensive integration with e-commerce platforms, including Alibaba's Taobao and Tmall, enhances payment flexibility for consumers, making it an essential tool for everyday transactions.
Method
WeChat Pay
LPM Market Share
n/a
Payments
Yes
Refunds
No - refunds not supported
Type
E-wallet
Local Card Scheme
Users
935M
Disbursements
No
No
Chargebacks
$25.00
$25.00
